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Chapter 1: What is the main topic discussed in this episode?
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On Sunday, we reached an agreement with Iran that achieves everything we set out to accomplish, everything and much more.
After the U.S. and Iran signed a deal to end the war and reopen the Strait of Hormuz this week, the Trump administration touted it as a huge victory.
We and the broader region win. Iran is weakened. Their nuclear program destroyed. Their economy in desperate straits.
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Chapter 2: What led to the U.S.-Iran peace deal?
But first, what is in this deal? Start with what the U.S. got.
Well, the main thing that the US got, Natalie, was a 60-day ceasefire in the war and sort of a return to the status quo, at least for a little while, that existed before the US and Israel attacked Iran. But the key thing to know is that it didn't really address any of the issues that led the president and Prime Minister Netanyahu to attack Iran. It just sort of resets the clock.
And it has one paragraph on what was the underlying cause of this war, which is Iran's nuclear program.
And what does it say about the program?
Well, this is the only paragraph that actually puts an affirmative obligation on Iran. And let me read part of it to you, Natalie, because I think you'll get a sense of it. Now, the president's been making a big deal of this, that the Iranians have promised not to do this. The only problem with that is they made the same promise in 1970 when they ratified the Nuclear Nonproliferation Treaty.
Right. They made the same promise in 2015 when they signed the Obama-era deal. It's on the first page.
The key word there seems to be reaffirms.
Reaffirms. Then it's got a second part of this saying that they agree to sit down and talk about what they're going to do about... all of Iran's nuclear program, its stockpiles of uranium, its nuclear facilities, its programs to continue enriching uranium. And they set a minimum level here. And the minimum level is that Iran agrees that they're going to take their
11 tons of material, although they don't specify the number here, and they're going to down blend it.
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Chapter 3: What are the main terms of the agreement between the U.S. and Iran?
So rather than... possibly going into a depression rather than having your favorite president be Herbert Hoover. I was always the one I didn't want to be. And he said, I don't want to be that guy. So I don't think I'll make mistakes like that. I lower taxes. I don't raise taxes.
And so it told you right away that a president who went into this war thinking first about Iran's nuclear and missile capability and the threats it poses had to emerge from it because he feared plunging the United States into a recession at best. For him, this is not just an economic calculation. It's a political calculation.
His entire party was telling him that if these gas prices stayed up through the summer when everybody's driving into the midterms, that he's got a big problem. And we all know that it's going to take months to have a significant economic impact for countries to be able to build up their reserves of oil again and for the prices to begin to drop in a serious way.
So if he didn't do it now, it wasn't going to happen before the midterm elections.
But despite that, you hear a lot of people in Trump's own party saying that this is not a good deal. You had Bill Cassidy, a moderate Republican senator, calling it the worst foreign policy blunder in decades.
Yes, it was a pretty striking line from Senator Cassidy and similar to things we heard off the record until this agreement got published. And now we're hearing more and more of it. But that's mostly because of how much Iran gets upfront.
We'll be right back.
Thank you.
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